i guess they did the best they could, but in a few years, your property taxes will probably be back to what they currently are....tax relief is temporary and the new business tax will be permanent.....
You are exactly correct. The reduction in property taxes will be fleeting without lowering the cap on annual appraisal increases to 3-4% from the current cap of 10% allowed by law.
My home appraisal increased the full 10% for 2006 and I expect that to continue for many years at the capped rate of increase. Even though I protest the appraisal every year to limit the growth of my taxes, I am not expecting or budgeting for any reduction in my property taxes paid under the new law. Hundreds of thousands of fellow Texans will be in the same situation and in a few years they will be hopping mad at the Texas Legislature.